Primary Recommendation

IG Design Group - Buys Lang on a multiple of 4 to add scale in the (biggest) US market

August 2016

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Established in 1979, IG Design was an impressive performer in the early years, having delivered consistent profit growth for two and a half decades. By the early 2000s, it had an arm lock on the Christmas gift wrap market in the UK whilst its diet of acquisitions had also taken it into wrapping accessories, crackers, greeting cards, character licenced stationery, gift tags and so on. The problem was that an overwhelming bit of gift wrap was retailers’ own brand where margins were progressively getting squeezed and when production problems occurred, the rot set in.By the time current chief executive, Paul Fineman, took the reins in 2008, it was losing £15m and had overwhelming debts. Turning IG around wasn’t dark m ...

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Market Comment - August '16

McCarthy & Stone - 60% growth in eps forecast over two years

IG Design - Margins lift off as anticipated (September 2024)

IG design - Liberum sets 345p target price (June 2024)

IG Design Group - CEO sets out stall to grow 40% over previous peak profits (January 2024)

IG Design - Joins my watchlist as recovery play (December 2021)

IG Design (November 2020)

IG Design (February 2020)

IG Design (November 2019)

IG Design (July 2019)

IG Design (May 2019)

IG Design (January 2019)

IG Design - Very positive trading update (November 2018)

IG Design - Margins target of 10%+ (October 2018)

IG Design - Transformational US acquisition (September 2018)

IG Design - Forecasts upgraded by 8%/9%/13% for next three years (July 2018)

IG Design (May 2018)

IG Design (February 2018)

IG Design - Doubles share of Australian value card market (November 2017)

IG Design - Design led creative play boosts sales (August 2017)

IG Design - To exceed market forecasts (April 2017)

IG Design - 20% growth even without acquisitions (January 2017)

IG Design (October 2016)

International Greetings (May 2016)

International Greetings - "Everything but the cake" (January 2016)

International Greetings (May 2015)

International Greetings - Growth resumes (August 2014)

International Greetings (January 2012)

International Greetings (December 2011)

International Greetings (September 2011)

International Greetings (June 2011)

International Greetings - Earnings forecast to double this year (February 2011)

International Greetings - Prospective PE of 6 for year starting 1 April (January 2011)

International Greetings - Sales of every day cards rise (November 2010)

International Greetings - Refocuses on budget end of the greeting products market (August 2010)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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